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AUD/USD: weekly wave analysis

Roman Petuchov

Daily. The market keeps on moving in a final bearish impulse [5] of A. Let's see the chart in the details.

H4. Corrective wave (4) seems to be fully complete. A new bearish impulse (5) is now being constructed. On the new week the price is expected to decline. 

However, there is also a bullish alternative for the market. See the markup on the chart. It will become clear which alternative is chosen by the market on Tuesday. 

AUD
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